The Dynamics of Marriage and Divorce We formulate and estimate a dynamic model of marriage, divorce, and remarriage using 27 years of panel data for the entire Danish cohort born in 1960. The marital surplus is identified from the probability of divorce, and the surplus shares of husbands and wives from their willingness to enter marriage. Education and marriage order are complements in generat...

Following the present atmosphere of budgetary cuts we analyze the effects of fiscal consolidation on the composition of government expenditures by functions. Using a dynamic voter group decision model and exploiting the panel structure of the dataset – 26 OECD countries over the period 1970-1997by GMM estimation we find that fiscal adjustments protect social expenditure. Nevertheless, we find t...

We develop a hierarchical Bayesian approach for inference in random coefficient dynamic panel data models. Our approach allows for the initial values of each unit’s process to be correlated with the unit-specific coefficients. We impose a stationarity assumption for each unit’s process by assuming that the unit-specific autoregressive coefficient is drawn from a logitnormal distribution. Our me...

Estimation of the dynamic error components model is considered using two alternative linear estimators that are designed to improve the properties of the standard firstdifferenced GMM estimator. Both estimators require restrictions on the initial conditions process. Asymptotic efficiency comparisons and Monte Carlo simulations for the simple AR(1) model demonstrate the dramatic improvement in p...

Residual profit allocation (RPA) schemes have come to prominence in discussions of international tax reform but with almost nothing known about their economic impact. These multinationals by allocating “routine” profits source countries and sharing remaining “residual” across on some formulaic basis. This paper explores the implications, conceptual empirical, moving form RPA. are estimated be s...

Les élites économiques des six monarchies de la péninsule Arabique ont joué un rôle politique central dans perpétuation l’ordre autoritaire depuis les années 1970. soulèvements populaires de 2011-2012 ont mis en évidence résistance ces au changement ainsi que leur marge manœuvre plus limitée. À travers l&#8217...

The Journal of Economic Literature codes classification system (JEL) published by the American Association (AEA) is de facto standard for research literature in economics. JEL used to classify articles, dissertations, books, book reviews, and working papers EconLit, a database maintained AEA. Over time, it has evolved extended with over 850 subclasses. This paper reviews history development sys...

The primary purpose of this study is to observe the economic andinternational trade relationships between Bangladesh and SAARCcountries during Fiscal Years 2015-2016 2020-2021. Thisresearch uses panel data examine relationship betweenthe nature direction exports growth.The researcher found that cooperation with impacted growth, but there was insufficientexport adaptation. also showed relationsh...